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To: Jack of All Trades who wrote (13973)9/20/2001 11:10:08 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Yes. One of the adjustments were having to make to accommodate this period of volatility is to widen out stops. In fact, I respect the risk of a volatile move so much, that I enter my stop order before establishing my position!



To: Jack of All Trades who wrote (13973)9/20/2001 11:22:27 AM
From: fut_trade  Read Replies (1) | Respond to of 209892
 
...when I mean tight I am talking 1.50 pts

Interesting that your trading system works with such a tight stop. The best I could do with trading systems (tested over the full 20 years of SP futures data) is to have a stop in the range of 6 to 8 points, and even with such a large stop the average net gain per trade is only 3 points after fees and slippage.

When I try stops less that 4 points, the trading fees and slippage overwelms any profit.